The Fed's Painted Itself Into The Most Dangerous Corner In History - Why There Will Soon Be A Riot In The Casino
![The Fed's Painted Itself Into The Most Dangerous Corner In History - Why There Will Soon Be A Riot In The Casino The Fed's Painted Itself Into The Most Dangerous Corner In History - Why There Will Soon Be A Riot In The Casino](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/c7acdf87c3ebac6c7d9b48665441b79d-480x312.png?itok=PqAmcvBG)
Submitted by David Stockman via Contra Corner blog,
The chart below crystalizes why the Fed is stranded in a monetary no man’s land. By the time of next week’s meeting the federal funds rate will have been pinned at about 10 bps, or effectively zero, for 84 straight months.